City foregoes tax increase
By ROBERT S. MERRILL
A final 2012 budget of $3,680,000 was approved by the Preston City Council on a 3–0 vote recently.
The budget is $229,100, or six percent higher than last year’s budget of $3,451,800.
The new budget will begin on Oct. 1. Officials said there is no property tax increase factored into the 2013 fiscal plan.
The city took three percent increases last year, in 2011 and 2010. By law cities, counties and other taxing entities can increase tax revenues by three percent annually. Mayor F. Lee Hendrickson said city officials worked and reworked budget figures and came up with a plan to avoid an increase this year.
“The budget is pretty lean. But we can make it work and get by this year without any property tax hike,” he said.
This story is sponsored by Dr. Morrison at FCMC.
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